Q9 a.Financial accounting always discusses the events andtransactions in terms of money where as cost & managementaccounting discusses the aspects in terms of profits and losses andconcern is related to reporting to management. Thus it can beassumed that these accounting are integral part of any company orbusiness. But if discuss about various other type of organizationssuch as any NGO like Teach for India, Smile foundation, NGODarpan, it is a difficult task to use cost and managementaccounting for their non-financial measures. Could you suggestsome ways by which these organizations can utilize all branchesof accounting for their decision making process. Q9 b (ii) Do you ever wonder why these Breakeven Charts arenecessary to prepare only for manufacturing businesses not fortrading or service business? Give Real life examples for each typeof business mentioned here to justify your answer.

Q9 a.Financial accounting always discusses the events and transactions in terms of money where as cost & management accounting discusses the aspects in terms of profits and losses and concern is related to reporting to management. Thus it can be assumed that these accounting are integral part of any company or business. But if discuss about various other type of organizations such as any NGO like Teach for India, Smile foundation, NGO

Q9 a.Financial accounting always discusses the events and transactions in terms of money where as cost & management accounting discusses the aspects in terms of profits and losses and concern is related to reporting to management. Thus it can be assumed that these accounting are integral part of any company or business. But if discuss about various other type of organizations such as any NGO like Teach for India, Smile foundation, NGO

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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